Create a journal entry and a T-Account for each of the following transactions:

a)$15,000 worth of equipment is purchased on credit.

b)$40,000 of patient bills from last year are collected in cash.

c)$10,000 is received from a managed care company for services to be rendered next year for members

d)$20,000 worth of supplies is purchased and paid for in cash.

e)$5,000 of accounts payable is paid in cash.

f)$30,000 of cash is received from taking out a note with the local bank.

g)$10,000 of accounts receivable from last year is received in cash.

h) $7,000 is paid back on the borrowed note.